Dáil debates

Tuesday, 19 July 2011

2:30 pm

Photo of Enda KennyEnda Kenny (Mayo, Fine Gael)

-----stating, "How are you over there?" The point is, in answer to Deputy Adams, that there has been serious responsibility sharing with subordinated bondholders. The Government has made it clear that we are not happy with the position on Anglo Irish Bank which is an entirely different category and facing a different set of circumstances than Bank of Ireland or AIB, on which we will commence discussions early in the autumn.

The meeting is taking place on Thursday. Officials in the Department of the Taoiseach and the Department of Finance are in contact and dealing with their counterparts in a number of places across Europe on what is happening about the preparations being made for the meeting of the Heads of Government of the eurozone countries on Thursday and it is my hope agreement can be reached to bring certainty to end the problem of anxiety in respect of a second Greek bailout deal whereby a range of options will be considered, and also that the contagion consequent on what has been happening in Greece will be prevented from filtering into other countries carrying with it implications for Ireland. One should remember that the European Commission, the European Parliament, the IMF, Commissioners, many Parliaments and the troika have stated this country is meeting requirements as part of a difficult and challenging loan fund repayment scheme. I would like to think a comprehensive deal can be reached on Thursday. However, I cannot predict with certainty that such will happen because one never knows, but I would like to think it will happen and that it will benefit not only Ireland but Europe also, with obvious clear implications for the country.

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